Worst Declines and Bull Market

worst declines: Shares followed a sixfold surge from 2003 to 2010 with some of the world worst declines, dropping by more than 50 percent in dollar terms, according to Bloomberg. The country is once again luring global money managers -- and the benchmark Ibovespa is in a bull market -- after state-run oil producer Petroleo Brasileiro SA released earnings that had been delayed by a corruption probe, easing concerns about a sovereign rating downgrade. It a new twist in Latin America largest economy, which has seen some of the biggest emerging-market booms and busts over the past decade and a half. None of that has been enough for local investors witnessing first hand the rising unemployment and soaring inflation amid forecasts for the economy worst contraction in 25 years. Local investors have been much more negative, even before the Petrobras scandal started. A lot of people have been thinking ‘Is Brazil cheap enough Have expectations gone too pessimistic short term ’ said Katherine Weber, the head of Latin America analysis at BMI Research in New York. (news.financializer.com). As reported in the news.